Instru Complete this multiple choice quiz, which covers material from chapters 1
ID: 1122780 • Letter: I
Question
Instru Complete this multiple choice quiz, which covers material from chapters 12 and 13. You will be Multiple Attempts This test allows 2 attempts. This is attempt number 1 Force Completion Once started, this test must be completed in one siting, Do not leave the lest before clicking Sa This test does not allow backtracking, Changes to the answer after submission are prohibited Question Completion Status L> Moving to the next question prevents changes to this answer. Question 4 The interest rate that commercial banks charge each other for very short-term loans is called the: ( prime rate federal funds rate e discount rate e commercial paper rate > Moving to the next question prevents changes to this answer Stocks Group Ass docx Team handout docx ^ unnamed.jpg docx 1!//..// Type here to searchExplanation / Answer
Answer-Discount rate.
The discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window for a short period of time.